International Journal of Advanced Research in Management and Social Sciences
Year : 2016, Volume : 5, Issue : 8
First page : ( 84) Last page : ( 98)
Online ISSN : 2278-6236.

The relevance ofentrepreneurships skill in small and medium scale enterprises in Nigeria

Agu Okoroagu*, Agbaeze E.K**

*Evangel University Okpoto, Abakaliki-Ebonyi State

**Management, University of Nigeria, Enugu Campus

Online published on 20 May, 2017.

Abstract

The study focuses on the relevance of Entrepreneurships Skill in small and medium scale enterprise in Nigeria. The study sought to determine the influence of technical skills on promoting management of small and medium scale enterprise, to ascertain the nature of the relationship between human resources management skills and growth of small and medium scale enterprise, to ascertain the extent at which creativity and Artiste skills promote small and medium scale enterprise. The study had a population size of 1258, out of which a sample size of 303 was realised using Taro Yamane's formula at 5% error tolerance and 95% level of confidence. Instrument used for data collection was primarily questionnaire and interview. Out of 303 copies of the questionnaire that were distributed, 250 copies were returned while 53 were not returned. The descriptive survey research design was adopted for the study. The hypotheses were tested using Pearson product moment correlation coefficient, Chi-square and simple linear regression statistical tools. The findings indicate that technical skills significantly influence promotion of management of small and medium scale enterprise(r = 0.901; F= 3. 426E3; t = 4.825; p < 0.05). There is positive relationship between human resources management skills and growth of small and medium scale enterprise (r =.905; p<0.05). Creativity and Artiste skills to a high extent promote small and medium scale enterprise (X²c= 68.270> X²t = 9.49; p < 0.05). The study concluded that entrepreneurship is the process of bringing together creative and innovative ideas with management and organizational skills in order to combine people, money and resources to meet an identified need and thereby create wealth. The study recommended that Organizations should educate and sensitize their employees to understand that human resource management skills, Technical skills and creativity skills are the necessary needed for them to drive the organization to it purpose of existence.

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Keywords

Entrepreneurship, Creativity skills and Small and medium scale enterprise.

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